Mind Robotics reaches 3.4 billion dollar valuation
The industrial robotics startup raised 400 million dollars in a round led by Kleiner Perkins, bringing its total funding to over 1 billion dollars. The company uses Rivian manufacturing facilities to train AI models and deploy purpose-built robots for industrial manufacturing tasks.
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Mind Robotics, a spinout from Rivian Automotive, reached a $3.4 billion valuation after raising $400 million in a new funding round. The Kleiner Perkins-led investment follows a $500 million Series A round in March that valued the startup at $2 billion. Rapid capital inflows highlight investor appetite for AI-driven manufacturing automation as automakers modernize factory operations through robotics.
